Bitcoin just on $39k holding remarkably well considering the turmoil in the world and the constant FUD over the past 10 years.
Indeed, I am surprised. Thought we would have had a massive dump over the last 24 hours to be honest.
Oil & Gas prices soaring, wheat -> food prices soaring, near 10% official inflation figures probably in the next month.
Combine all that I think the central banks are going to be crippled to totally not be able to raise interest rates which means more inflation and only pretend economic growth.
Perhaps those seeing that BTC is indeed a good inflation hedge and jumping into BTC for longterm and those who are only on the BTC bandwagon for short term investments and dropping off are finally balancing each other out, which could mean only uppity from here.
The price of US benchmark crude oil, West Texas Intermediate (WTI) jumped 1.5% to US$ 117 per barrel after briefly touching US$ 130 per barrel. The global benchmark Brent oil rose to US$ 121 per barrel, after briefly touching US$ 139 per barrel, the highest level since July 2008.